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Wednesday, January 19, 2011

Philly publisher in China drug data deal

Wolters Kluwer Health, the Philadelphia-based medical publishing division of Dutch information giant Wolters Kluwer, says it's created a joint venture with China drug data service Medicom, based in Chengdu in China's Sichuan province, "to deliver clinical decision support to doctors in China as the country prepares for significant changes to its healthcare system" by standardizing medical care and boosting medical education.

The joint venture, which Wolters Kluwer Health will control, will make the firm's Clinical Decision Support service and drug information products available in the growing China healthcare market "and creates a needed drug information infrastructure in China" for "evidence-based medicine," Wolters Kluwer Health Clinical Solutions boss Arvind Subramanian said in a statement.

Medicom chief executive Lai Qui called the deal "a strategic fit" that gives his company more services to sell.

"China has explosive growth. The country is preparing to make significant investments in its healthcare," Wolters Kluwer spokesman Robert Dekker told me. The firm already has customers in China; the Medicom deal "strengthens our reach, particularly in the hospital setting," where Mediacom has customers. "From an information perspective there is tremendous opportunity." Wolters Kluwer Health employs about 600 in Philadelphia, Ambler and Yardley.

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About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column in the Philadelphia Inquirer. Joe has been a member of Bloomberg LP’s New York Finance Team, wrote the book “Comcasted,” taught writing at St. Joseph’s University, and studied economics and history at Penn. Reach Joe at 215-854-5194 and JoeD@phillynews.com
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